Apple Expected to have 70% Earnings Growth in 2010

With the news earlier this year that Apple has claimed the status of largest technology company in the United States in terms of Market Cap (beating out Microsoft), we couldn't help but wonder how far Apple could really climb. Andy Zaky at AppleInsider, however, went ahead and compiled a story about revenue estimates this year for Apple. What he says Apple has achieved over the past year is absolutely astounding.

According to the article, Apple has already experienced a major shift between last year and this year. Zaky writes, "To get an idea of how deeply Apple continues to penetrate the market, last year the company produced 50% less in sales and over 71% less in earnings than it will this year. That means the 2010 Apple is nearly 50% larger than the Apple of 2009--almost an entirely different company."

For 2010, Zaky expects Apple to report upwards of $63.409 billion dollars in revenue, with an estimated $51.51 EPS (Earnings Per Share, or earnings returned on the initial investment amount).

Other estimates on financials for 2010 include:

- Gross Margin Estimates: 41.9%

- Operating Expenses: $2 Billion

Zaky believes that Apple is about to enter a new "golden age" in 2010 with a 70% earnings growth rate. Which is amazing considering Apple's near-death experience in 1997--just 13 years ago.